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M Govinda Rao, ex-Director, National Institute of Public Finance and Policy (2003-13), interviewed by S Rajendran (The Hindu)

-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...

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Crop insurance scheme: Centre, Bihar lock horns -Anand Mishra

-The Indian Express State government says it won’t be able to foot the 50:50 share of bill. Tussle is brewing between the Nitish Kumar-led government in Bihar and the NDA government at the Centre on the issue of the implementation of Pradhan Mantri Fasal Bima Yojana (PMFBY). Almost three-fourth of Bihar’s population is dependent on agriculture. While the state has expressed its difficulty in meeting the financial burden of its share in the...

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Decisions of the people, by the people, for the people -Ashish Kothari

-The Hindu People’s objections, from Chhattisgarh to Odisha, against large development projects have brought out the real power of the Forest Rights Act of 2006. Democracy is alive and kicking in India. No, I am not referring to the Assembly elections. It is unfortunate that the term democracy has been reduced to the drama of periodic elections and the subsequent reliance of the electorate on politicians and bureaucrats. When these powerful few...

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Punjab's mounting farmer crisis

-Business Standard Green revolution pioneer now marked by rising rural despair, with high costs and low incomes pushing a mass of small cultivators into a debt trap Chandigarh: Fifty eight and counting…the number of farmers' suicides in Punjab in the past three months due to agrarian distress is alarming. Maharashtra, Punjab and Telangana top this grim list, the Union government informed Parliament last week. Rainfed states are in a crisis due to two...

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India Assures the US It Will Not Issue Compulsory Licences on Medicines -Amit Sengupta

-TheWire.in The government appears bent on decisively abandoning the earlier consensus of adherence to public health goals. In what is widely being hailed as an extraordinary victory for the multinational pharmaceutical industry over the Indian government, the US-India Business Council (USIBC), in its submission to the United States Trade Representative (USTR), reports that the Indian government has “privately assured” the industry that it would not use compulsory licences (CLs) for commercial purposes....

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